PJT Partners Inc. (NYSE:PJT) Receives Average Rating of “Hold” from Analysts

PJT Partners Inc. (NYSE:PJT) has received a consensus recommendation of “Hold” from the seven ratings firms that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $177.50.

Several research firms have recently commented on PJT. Keefe, Bruyette & Woods raised their price objective on shares of PJT Partners from $185.00 to $195.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. Zacks Research upgraded shares of PJT Partners from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. Wall Street Zen raised shares of PJT Partners from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Weiss Ratings restated a “hold (c)” rating on shares of PJT Partners in a research note on Friday, May 29th. Finally, BMO Capital Markets upped their price objective on PJT Partners from $183.00 to $194.00 and gave the stock an “outperform” rating in a research report on Monday, August 3rd.

PJT Partners Stock Down 0.3%

Shares of NYSE PJT opened at $174.44 on Monday. The business’s 50 day moving average is $164.47 and its two-hundred day moving average is $155.26. PJT Partners has a 52-week low of $127.73 and a 52-week high of $195.62. The firm has a market cap of $4.46 billion, a price-to-earnings ratio of 23.86 and a beta of 0.84.

PJT Partners (NYSE:PJT) last released its quarterly earnings results on Tuesday, July 28th. The financial services provider reported $1.97 EPS for the quarter, topping the consensus estimate of $1.57 by $0.40. PJT Partners had a return on equity of 32.66% and a net margin of 10.57%.The business had revenue of $486.29 million during the quarter, compared to analyst estimates of $425.28 million. During the same period last year, the business posted $1.54 earnings per share. The company’s quarterly revenue was up 19.5% on a year-over-year basis. Analysts anticipate that PJT Partners will post 8 EPS for the current fiscal year.

PJT Partners Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Wednesday, September 2nd will be issued a dividend of $0.25 per share. The ex-dividend date is Wednesday, September 2nd. This represents a $1.00 annualized dividend and a yield of 0.6%. PJT Partners’s dividend payout ratio is 13.68%.

Insider Activity

In other news, Director Emily K. Rafferty sold 1,100 shares of the firm’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $167.35, for a total value of $184,085.00. Following the sale, the director directly owned 9,568 shares in the company, valued at approximately $1,601,204.80. This trade represents a 10.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Grace Reksten Skaugen sold 1,283 shares of the firm’s stock in a transaction on Friday, July 31st. The shares were sold at an average price of $167.67, for a total transaction of $215,120.61. Following the completion of the sale, the director owned 500 shares in the company, valued at $83,835. The trade was a 71.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 11,951 shares of company stock valued at $2,061,681 over the last three months. 10.98% of the stock is currently owned by corporate insiders.

Institutional Trading of PJT Partners

A number of hedge funds and other institutional investors have recently bought and sold shares of PJT. Wasatch Advisors LP lifted its holdings in PJT Partners by 79.3% during the 2nd quarter. Wasatch Advisors LP now owns 1,478,222 shares of the financial services provider’s stock worth $223,123,000 after buying an additional 653,685 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in shares of PJT Partners in the 2nd quarter valued at about $28,397,000. Bessemer Group Inc. raised its position in shares of PJT Partners by 1,446.5% during the 4th quarter. Bessemer Group Inc. now owns 115,000 shares of the financial services provider’s stock worth $19,229,000 after acquiring an additional 107,564 shares in the last quarter. Two Sigma Investments LP raised its position in shares of PJT Partners by 390.1% during the 3rd quarter. Two Sigma Investments LP now owns 84,936 shares of the financial services provider’s stock worth $15,096,000 after acquiring an additional 67,606 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its stake in PJT Partners by 108.7% during the fourth quarter. Janus Henderson Group PLC now owns 121,918 shares of the financial services provider’s stock worth $20,376,000 after purchasing an additional 63,504 shares during the last quarter. 89.23% of the stock is currently owned by institutional investors and hedge funds.

PJT Partners Company Profile

PJT Partners is a global advisory-focused investment bank that delivers strategic advisory, restructuring and special situations, and capital solutions to corporations, partnerships, and governments. The firm operates through three primary business segments: Strategic Advisory, which covers mergers and acquisitions, shareholder advisory, and capital markets advisory; Restructuring and Special Situations, which provides advice on debt and liability management, distressed mergers and acquisitions, and financial restructurings; and Park Hill, the firm’s dedicated capital-raising and secondary advisory business for private equity, real estate, hedge funds, and infrastructure.

The Strategic Advisory practice at PJT Partners assists clients with complex transactions such as cross-border mergers, spin-offs, divestitures, and takeover defenses, drawing on deep industry expertise and global reach.